{"id":263224,"date":"2011-04-27T12:54:16","date_gmt":"2011-04-27T12:54:16","guid":{"rendered":"http:\/\/new.moldova.org\/2011\/04\/27\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/"},"modified":"2011-04-27T12:54:16","modified_gmt":"2011-04-27T12:54:16","slug":"uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/","title":{"rendered":"UK economy grows by 0.5% in first quarter of 2011"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

The UK economy grew by 0.5% in the first three months of the year.<\/p>\n

The Office for National Statistics’ (ONS) first estimate of economic activity shows a recovery from the 0.5% contraction recorded for the last three months of 2010.<\/p>\n

The news alleviates fears of a so-called double dip recession.<\/p>\n

However, the Chancellor, George Osborne, who saw the figures on Tuesday, has already warned "we are not out of the woods yet".<\/p>\n

Although activity in both the manufacturing and service sectors increased during the first three months of the year, construction – one of the worst hit areas in the last quarter of 2010 – was down by 4.7%.<\/p>\n

Economists had previously warned that growth of less than 1% in the first quarter would be disappointing and raise concerns over the economy’s ability to withstand the coalition government’s austerity measures.<\/p>\n

In order to reduce the government deficit, spending cuts of £81bn are being made and VAT has been raised to 20% from 17.5%.<\/p>\n

A spokesman from the Treasury said: "It is good news that the economy has returned to growth. Manufacturing is growing strongly, the economy has created thousands of jobs since the turn of the year, and borrowing is down."<\/p>\n

He added: "Today’s data shows that the government has set the right economic course."<\/p>\n

The low rate of growth is likely to lessen the chance of an early interest rate rise by the Bank of England to combat inflation, which is currently running at 4%, analysts say.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>The Office for National Statistics (ONS) first estimate of economic activity shows a recovery from the 0.5% contraction recorded for the last three months of 2010.<\/p>\n","protected":false},"author":3,"featured_media":263223,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-263224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

The UK economy grew by 0.5% in the first three months of the year.<\/p>\n

The Office for National Statistics’ (ONS) first estimate of economic activity shows a recovery from the 0.5% contraction recorded for the last three months of 2010.<\/p>\n

The news alleviates fears of a so-called double dip recession.<\/p>\n

However, the Chancellor, George Osborne, who saw the figures on Tuesday, has already warned "we are not out of the woods yet".<\/p>\n

Although activity in both the manufacturing and service sectors increased during the first three months of the year, construction – one of the worst hit areas in the last quarter of 2010 – was down by 4.7%.<\/p>\n

Economists had previously warned that growth of less than 1% in the first quarter would be disappointing and raise concerns over the economy’s ability to withstand the coalition government’s austerity measures.<\/p>\n

In order to reduce the government deficit, spending cuts of £81bn are being made and VAT has been raised to 20% from 17.5%.<\/p>\n

A spokesman from the Treasury said: "It is good news that the economy has returned to growth. Manufacturing is growing strongly, the economy has created thousands of jobs since the turn of the year, and borrowing is down."<\/p>\n

He added: "Today’s data shows that the government has set the right economic course."<\/p>\n

The low rate of growth is likely to lessen the chance of an early interest rate rise by the Bank of England to combat inflation, which is currently running at 4%, analysts say.<\/p>\n

<\/div>
<\/div>
<\/path><\/svg><\/span><\/a><\/path><\/svg><\/span><\/a><\/path><\/svg><\/span><\/a><\/path><\/svg><\/span><\/a><\/div>
<\/div><\/div>
<\/div>","yoast_head":"\nUK economy grows by 0.5% in first quarter of 2011 - Moldova.org<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Autor invitat\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/\"},\"author\":{\"name\":\"Autor invitat\",\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/#\\\/schema\\\/person\\\/e590ccdfbd35fcd038aaf1b84370dadd\"},\"headline\":\"UK economy grows by 0.5% in first quarter of 2011\",\"datePublished\":\"2011-04-27T12:54:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/\"},\"wordCount\":254,\"image\":{\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/\",\"url\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/\",\"name\":\"UK economy grows by 0.5% in first quarter of 2011 - Moldova.org\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2011-04-27T12:54:16+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/#\\\/schema\\\/person\\\/e590ccdfbd35fcd038aaf1b84370dadd\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UK economy grows by 0.5% in first quarter of 2011\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/\",\"name\":\"Moldova.org\",\"description\":\"The first news website of Moldova\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/#\\\/schema\\\/person\\\/e590ccdfbd35fcd038aaf1b84370dadd\",\"name\":\"Autor invitat\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f57d391b1fe13609c1c398a550a7b6f0e8babe6cd537d48bbeb806ba55c53094?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f57d391b1fe13609c1c398a550a7b6f0e8babe6cd537d48bbeb806ba55c53094?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f57d391b1fe13609c1c398a550a7b6f0e8babe6cd537d48bbeb806ba55c53094?s=96&d=mm&r=g\",\"caption\":\"Autor invitat\"},\"url\":\"https:\\\/\\\/www.moldova.org\\\/en\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UK economy grows by 0.5% in first quarter of 2011 - Moldova.org","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/","twitter_misc":{"Written by":"Autor invitat","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/#article","isPartOf":{"@id":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/"},"author":{"name":"Autor invitat","@id":"https:\/\/www.moldova.org\/en\/#\/schema\/person\/e590ccdfbd35fcd038aaf1b84370dadd"},"headline":"UK economy grows by 0.5% in first quarter of 2011","datePublished":"2011-04-27T12:54:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/"},"wordCount":254,"image":{"@id":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/#primaryimage"},"thumbnailUrl":"","articleSection":["Economy"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/","url":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/","name":"UK economy grows by 0.5% in first quarter of 2011 - Moldova.org","isPartOf":{"@id":"https:\/\/www.moldova.org\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/#primaryimage"},"image":{"@id":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/#primaryimage"},"thumbnailUrl":"","datePublished":"2011-04-27T12:54:16+00:00","author":{"@id":"https:\/\/www.moldova.org\/en\/#\/schema\/person\/e590ccdfbd35fcd038aaf1b84370dadd"},"breadcrumb":{"@id":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.moldova.org\/en\/uk-economy-grows-by-0-5-in-first-quarter-of-2011-219887-eng\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.moldova.org\/en\/"},{"@type":"ListItem","position":2,"name":"UK economy grows by 0.5% in first quarter of 2011"}]},{"@type":"WebSite","@id":"https:\/\/www.moldova.org\/en\/#website","url":"https:\/\/www.moldova.org\/en\/","name":"Moldova.org","description":"The first news website of Moldova","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.moldova.org\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.moldova.org\/en\/#\/schema\/person\/e590ccdfbd35fcd038aaf1b84370dadd","name":"Autor invitat","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/f57d391b1fe13609c1c398a550a7b6f0e8babe6cd537d48bbeb806ba55c53094?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f57d391b1fe13609c1c398a550a7b6f0e8babe6cd537d48bbeb806ba55c53094?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f57d391b1fe13609c1c398a550a7b6f0e8babe6cd537d48bbeb806ba55c53094?s=96&d=mm&r=g","caption":"Autor invitat"},"url":"https:\/\/www.moldova.org\/en\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.moldova.org\/en\/wp-json\/wp\/v2\/posts\/263224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.moldova.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moldova.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moldova.org\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moldova.org\/en\/wp-json\/wp\/v2\/comments?post=263224"}],"version-history":[{"count":0,"href":"https:\/\/www.moldova.org\/en\/wp-json\/wp\/v2\/posts\/263224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moldova.org\/en\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.moldova.org\/en\/wp-json\/wp\/v2\/media?parent=263224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moldova.org\/en\/wp-json\/wp\/v2\/categories?post=263224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moldova.org\/en\/wp-json\/wp\/v2\/tags?post=263224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}